I call the meeting to order.
Today we'll be hearing from the Canada Pension Plan Investment Board, pursuant to Standing Order 108(2), which is the study of the Canada Pension Plan Investment Board. We hear from them at least annually.
With us today we have Mr. Machin, who is the President and CEO, and Mr. Leduc, who is the Senior Managing Director and Global Head of Public Affairs and Communications. I believe members have received their report as well.
I believe, Mr. Machin, you have an opening statement. We'll start there and then go to questions. We have basically an hour.
Welcome.